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Mobile Edge Computing Market by Component, Application, Organization Size and Region - Global Forecast to 2022

Mobile Edge Computing Market: Global Forecast until 2022

  • August 2017
  • 100 pages
  • ID: 5059895
In this report:
APAC is expected to account for ##.##% of the total market share in 2017, whereas MEA and Latin America are expected to capture ##.##% and ##.##%, respectively, of the MEC market.
The environmental monitoring segment of the APAC MEC market is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, recording the highest CAGR of ##.##% during the forecast period.

Summary

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The growing need to enhance end-user's Quality of Experience is driving the MEC market

The Mobile Edge Computing market is forecasted to grow from $185.80M in 2017 to $838.60M by 2022, at a CAGR of 35.20 percent. The industry is influenced by factors, including rising need for improving end-user's QoE and increasing demand for ultra-low latency and high bandwidth. On the other hand, the main hindrance faced by the enterprises while adopting MEC is the lack of required infrastructure and deployment capabilities.

Data analytics application is forecasted to have the quickest rise rate during the estimate period

One of the applications of MEC is data analytics, which is increasing at the quickest rate during the outlook period. MEC is specifically used to capture top information for analytics and big data due to its proximity to the source of information, this one of the reasons for the quickest increase rate of the data analytics segment in the sector.

North America continent is intended to hold the biggest market share, because Asia Pacific (APAC) is anticipated to grow at the quickest rate during the estimate period

North America (NA) is the foremost potential market due to the presence of a important number of actors offering the MEC technology in this area.This area is forecast to hold the biggest industry size during the outlook period, as institutions are more focused on achieving ultra-low latency and faster delivery of MEC applications.

Moreover, institutions have invested hugely on advanced technologies to benefit opposing advantage and improve business operations.The Asia-Pacific regions is in the initial increase phase; nevertheless, it is the fastest growing area in the overall MEC market.

The growing adoption of MEC solutions in this area is due to the big subscriber base, which seems to be positive for enterprises. The MEC technology would benefit MNOs monetize their applications and improve the profitability margins.

The break-up profiles of primary participants are given below:

• By organization: Tier 1 - 43.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 22.0 percent

• By description: C-suite - 60.0 percent, D-level - 25.0 percent, and Others - 15.0 percent

• By area: North America continent - 44.0 percent, Europe (EU) - 25.0 percent, Asia-Pac - 21.0 percent, and rest of the world - 10.0 percent

Segment Research

The MEC market has been split on the basis of components (hardware and software), applications, organization size, and localities. An in-depth study of the top industry actors has been done to furnish key aspects into their business overviews, products and services, top strategies, recent product launches, alliances, strategic agreements and collaborations, business expansions, and opposing landscape combined with the MEC market.

The market research will facilitate the market top players/new sector entrants in this sector in these ways:

• This document breaks down the MEC market comprehensively and offers the best approximations of the revenue data for the global market and the sub-segments across different areas.

• this business report benefits partners comprehend the pulse of the sector and offers them with info on main market drivers, market restraints, opportunities, and alternatives.

• this business report will facilitate partners to better find out the players and obtain additional insights to improve their rank in the business sector. The competitive outlook section includes vendor comparison of top market actors in the MEC market.

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